Prinix Co., Ltd. cancelled the transaction to acquire NH SPECIAL PURPOSE ACQUISITION 18 COMPANY Co., Ltd. from Company K Partners Limited, NH Investment & Securities Co., Ltd., BNK Asset Management Co.,Ltd. and others in a reverse merger transaction on July 6, 2021.
July 05, 2021
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Prinix Co., Ltd. entered into a merger agreement to acquire NH SPECIAL PURPOSE ACQUISITION 18 COMPANY Co., Ltd. (KOSDAQ:A365590) from Company K Partners Limited (KOSDAQ:A307930), NH Investment & Securities Co., Ltd. (KOSE:A005940), BNK Asset Management Co.,Ltd. and others in a reverse merger transaction on May 26, 2021. Under the transaction, 4.3400000 shares of the merged entity will be issued for every one share in NH SPECIAL PURPOSE ACQUISITION 18 COMPANY Co., Ltd. Under the transaction, BNK Asset Management Co.,Ltd. and NH Investment & Securities Co., Ltd., both will transfer 50,000 shares representing 1.09% and Company K Partners Limited will transfer, 21.74% stake representing 1,000,000 shares. Upon completion of the merger, Prinix Chief Executive Officer, Kwang-Ho No will become the largest shareholder of merged entity with 25.74% stake. As a result of merger, NH SPECIAL PURPOSE ACQUISITION 18 COMPANY Co., Ltd. becomes the surviving corporation, and Prinics becomes an extinct corporation.
Transaction is subject to approval from shareholders of Prinix, with at least one-third of the total number of issued stocks Approval is required. Prinix Shareholders' meeting is scheduled on September 30, 2021. Merger is expected to complete on November 2, 2021.
Prinix Co., Ltd. cancelled the transaction to acquire NH SPECIAL PURPOSE ACQUISITION 18 COMPANY Co., Ltd. (KOSDAQ:A365590) from Company K Partners Limited (KOSDAQ:A307930), NH Investment & Securities Co., Ltd. (KOSE:A005940), BNK Asset Management Co.,Ltd. and others in a reverse merger transaction on July 6, 2021.
HiDeep Inc, formerly NH Special Purpose Acquisition 18 Co, is a Korea-based company principally engaged in the design, manufacture and sale of semiconductors and related products. The Company is engaged in the provision of human machine interface solutions. In addition, the Company is engaged in the manufacture and sale of human machine interface sensor hardware, chips, software and other products.
Prinix Co., Ltd. cancelled the transaction to acquire NH SPECIAL PURPOSE ACQUISITION 18 COMPANY Co., Ltd. from Company K Partners Limited, NH Investment & Securities Co., Ltd., BNK Asset Management Co.,Ltd. and others in a reverse merger transaction on July 6, 2021.
HIDEEP INC. 
